Gates files to sell 1 mln shares

LeticiaWilliams

WASHINGTON (CBS.MW) -- Microsoft Chairman Bill Gates filed to sell 1 million shares of the software giant's common stock, according to a Form 144 released Wednesday by the Securities and Exchange Commission.

According to the filing, dated Feb. 5, which the SEC received on Feb. 25, Gates had estimated the shares' worth at $61.2 million.

Paper filings to the SEC have been delayed by weeks at a time as mail sent to the capital, and other federal buildings, continue to undergo decontamination for anthrax spores.

Gates sold a total of 5 million shares between Jan. 24 and Feb. 5, in six transactions. Proceeds from the securities sales amounted to $314.8 million, the filing said.

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